I want to know how the exchanges are collecting data. maybe it will be faster and fewer errors. maybe...
I apologize if this is a problem. maybe then, I will delete it so that it will not be excused.
Its similar to the banks depending on daily trading / supply and demand in determining the currency price (Market Cap). As a result we notice price difference from platform to another and price increase in Asian platforms "because high demand".I apologize if this is a problem. maybe then, I will delete it so that it will not be excused.
Exchanging is done by placing "buy" or "sell" orders, which the exchange system software then matches with each other. "Buy" orders (or "bids") are offers to buy bitcoins in exchange for another currency at a maximum price-per-bitcoin which is set by the offerer. "Sell" orders (or "asks") are offers to sell bitcoins at a minimum price-per-bitcoin. If the bid price of a buy order is higher than the ask price of a sell order, an exchange can be performed and either the bid order, the sell order or both can be removed from the "order book". Thus, at any given time, there is a price above which there are no more buy orders and a slightly higher price below which there are no more sell orders. [1]
Communication with the Bitcoin currency exchanges is commonly done using a standard web browser, over a secure SSL connection.[2]
